# Neural Pocket

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neural-pocket

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.neuralpocket.com
- Total disclosed funding: $7.8M
- Latest round: Series B (Mar 5, 2019)
- Investors on record: 6

## About

Neural Pocket Inc. is a Japan-based company specializing in AI-driven solutions, focusing on smart parking and logistics to enhance operational efficiencies and consumer engagement through innovative technologies.Founded in 2018, Neural Pocket Inc. operates from Tokyo, Japan, providing AI solutions for urban markets. The company raised JPY 669.990 mn in a PIPE funding round from Innovation Growth Ventures, and has completed five funding deals. The latest deal was on August 20, 2020, which brought their total amount raised to JPY 669.990 mn.Neural Pocket Inc. specializes in advanced AI-driven solutions across various domains, particularly focusing on smart parking and logistics. Their core offerings include AI-based occupancy detection for flat and multi-story parking facilities, license plate recognition for vehicles, and safety monitoring and guidance services enhanced by digital signage. They also provide a one-on-one support service that combines voice and video analysis with generative AI to facilitate regular team meetings, thereby boosting organizational efficacy. Additionally, the company operates a digital signage media service targeting over 430 high-end residential buildings in metropolitan areas, delivering advertisements to approximately 200,000 high-income individuals. Their products and services cater primarily to urban markets across Japan, aiming to improve operational efficiencies and enhance consumer engagement through innovative AI technologies.Neural Pocket Inc. generates revenue through a variety of channels, including partnerships with businesses and direct service offerings. The company implements subscription-based models for its digital signage and AI analytics services, allowing clients to leverage advanced advertising capabilities and data insights for a recurring fee. The pricing structure encompasses specific plans tailored to different service levels, including flagship products such as their advanced AI LED vision systems, which have seen over 10,000 installations nationwide. Transactions typically involve B2B interactions where corporate clients, including property management companies and retail brands, engage Neural Pocket for comprehensive solutions that integrate AI technology into their operational frameworks. This structured approach enables businesses to enhance their service offerings and drive customer engagement through targeted advertising and operational insights.Neural Pocket Inc. is focused on expanding its product line and market reach. The company plans to launch new AI-driven products aimed at enhancing smart city solutions by 2023. Additionally, it is targeting expansion into new markets in Southeast Asia and Europe by 2024, leveraging insights gained from recent funding. The funds raised in the August 2020 PIPE deal will support these initiatives, particularly in scaling their operational capabilities and enhancing their technology offerings.

## Funding rounds

- Series B, Mar 5, 2019, $5.4M — SMBC Venture Capital, SPARX Group, Mizuho Capital, Deep30, Signifiant
- Series A, Aug 16, 2018, $2.4M — University of Tokyo Edge Capital Partners

## Investors

- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series B
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series B
- Deep30 (https://capitalatlas.ai/funds/deep30) — Series B
- Signifiant (https://capitalatlas.ai/funds/signifiant) — Series B